UK Powerhouse study: Aberdeen named Scotland’s top performer

Aberdeen’s economy is continuing to be one of the top performers in the UK, according to a new report.

The city was ranked 5th for percentage rise in GVA – or gross value added – which measures the values of goods and services.

The UK Powerhouse study, produced by Irwin Mitchell and the Centre for Economics and Business Research (Cebr), gives an estimate of GVA growth within 45 of the UK’s biggest cities 12 months ahead of the Government’s official figures.

The latest report showed that for the last three months of 2017, Aberdeen recorded a 1.5% rise compared to the same period the year before.

It noted that Aberdeen had “experienced a growth in a variety of sector over the course of 2017” and that “manufacturing and business services activities” had performed “particularly well”.

The top city was Cambridge (2%), followed by Derby, Oxford and Ipswich.

Glasgow (1.2%) placed 25th and Edinburgh (0.9%) 40th.

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